Julius Meinl Living Reports Strong Financial Performance for 2024

Julius Meinl Living PLC has published its consolidated financial results for 2024, showing significant growth. Revenue from operations reached €13.6 million, up from €12.0 million in 2023. The group also reported an operating EBITDA of €3.0 million, an increase from €2.3 million the previous year. Profit before tax increased substantially to €9.8 million, with the profit for the year climbing to €4.9 million.

The group's cornerstone property, The Julius Prague, generated revenues of €12.2 million with a notable hotel EBITDA margin of 52%. The property’s fair value was assessed at €113.3 million. Another key property, the Escala Hotel & Suites in Budapest, contributed €1.3 million in revenues.

Julius Meinl Living also progressed its development projects, acquiring the Hotel Ambasador in Bucharest. Additionally, the company completed key refinancing measures, issuing a new bond series and launching the Julius Fund for qualified investors.